Retail Inflation Hits 14-Month High, MPC Expected to Keep Repo Rate Unchanged

The Monetary Policy Committee (MPC) is likely to keep the repo rate steady in its December meeting, despite a slowdown in GDP growth and rising retail inflation above 6%. While the committee may update its GDP and inflation forecasts, economists suggest that controlling inflation will remain a priority. MPC members are expected to maintain a neutral stance to support long-term price stability and growth.

By Vishal Kumar

RBI’s Vision: 1 Billion UPI Transactions Daily by Next Year

Shaktikanta Das, the Governor of the Reserve Bank of India, highlighted the unavoidable shift to digital currency at a G30 seminar. He focused on central bank digital currencies (CBDCs) for international payments and stressed the need for countries to work together to make money transfers more efficient and secure while considering the risks that come with CBDCs.

By Avi G

RBI Governor Das: The Urgent Need for Fair Practices in NBFCs

RBI Governor Shaktikanta Das is sounding the alarm that some non-banking finance companies (NBFCs) are all about fast growth but aren't thinking about sustainability. This could stir up financial trouble, especially with high interest rates and fees flying around. Das is all for better risk management and compliance in NBFCs to keep things steady in the long run.

By Avi G

98% Of Rs 2,000 Notes Are Returned: RBI Reports

As of October 2023, the Reserve Bank of India says that 98% of the Rs 2,000 notes have been returned since they announced they were pulling them from circulation back in May. The total value of these notes has dropped from Rs 3.56 lakh crore to just Rs 7,117 crore.

By Avi G

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